Reconstruction of the value of m2 – insurers are wrong?

Posted by Admin in Insurance | 0 comments

In time I wrote an article on the value of m2 reconstruction that insurers apply on paid claims and valuation of buildings.

The same article was the subject of many comments, personal contact and e-mail to experts, having received a Glossary of Real Estate which I am very grateful to the expert of the National Commission of Experts Revalued it did.

As you read the glossary, I conclude that insurers may be wrong in the application of value. The good news is that the client does not hurt if you insurance based on the value of m2 defined in this ordinance.

This value of m2 is a reference value. An apartment in a housing estate does not have the same value for the reconstruction of an apartment in a prime area, as the finishes and building materials are more expensive. Is not justified by applying the coefficient set by the regulation in the housing estate apartment.

There has to be sensitive or customer, the insurer or broker. The problem that arises is that the issue of sensitivity varies from person to person. When in doubt, prefer the coefficients of the ordinance. There are villas with luxury finishes. Then it may happen that the value of m2 is still higher than that set by the regulation for the area concerned. If the client does not know the value of housing reconstruction, it is best to contact your builder or developer.

In my opinion, should be defined as the correct value of m2?

The Ordinance 1172/2010 refers to the price of construction m2 of floor area. Consider the concept of floor area in the Glossary of Real Estate:

Area – This area is individual. It is the sum of the areas of the floors of the building, not counting the walls, ie, restricted to the limits. Also known as an area of broom.

We have a problem – the area “not counting the walls.” The walls tell.

What should go into the value of m2?

Safe housing in individual horizontal property, should be considered a private area and public areas of the building. Consider the following concepts:
Private area – is the area of the property which the owner has total control. Limited by the surface is composed of line bordering the outside walls of the dependencies (covered or uncovered) for private use and exclusive owner and corresponds to the area measured by the outer edge of the outer walls and through the walls adjoining the adjacent apartments. Areas of balconies, Collections and Common Access are measured separately.

Areas of the building – the areas covered decks, expressed in square meters (m2), corresponding to the courts and spaces of horizontal and vertical communication buildings, with the status of common part ownership in horizontal or suitable to that status as measured by moiety of the walls;

Part of the value of individual insurance housing should consider the share of the common areas.

In the case of housing, would apply to the value of the private area only.
In condominiums, would apply the concept of common areas and building area
Areas of the building – the areas covered decks, expressed in square meters (m2), corresponding to the courts and spaces of horizontal and vertical communication buildings, with the status of common part ownership in horizontal or suitable to that status as measured by moiety of the walls;

Construction area (Ac) – Sum of all areas and living areas is measured by its outer perimeter;

In industrial buildings, would be appropriate:
Deployment area (Ao) – horizontal projection area resulting from construction on the ground as the extrados of the exterior walls of buildings in its intersection with the ground plane, measured in m2, including attachments, but excluding body balanced and completely buried basement ;

Construction area (Ac) – Sum of areas of all compartments of the building and is measured by its outer perimeter;

It would be nice to have a debate within the insurance market in conjunction with experts in this area to set the correct way to set the valuation of m2 in various types of buildings.

There are still those who value m2 based on Administrative Rule 1330/2010 which refers to the average value of m2 building for the purposes of Article 39 of the Code of IMI, but the purpose of this ordinance is to define the value of m2 for the purpose of taxation of IMI and should not be considered for insurance purposes.